Logistic network and inventory optimization are two aspects of supply chain management that are closely related. They concern choices on the allocation of demand to warehouses, the optimal route from a supplier or factory to a customer, and the placement of stocks in the supply chain. Should we keep stock in a central or regional warehouse or should we ship directly to our outlets? What additional stock do we need if we move from air to sea freight? How much will cross-docking speed-up our supply chain, will it make us more responsive to changing market conditions? How much can I reduce stocks by managing them integrally across supply chain stages?
Logistic network and inventory optimization are typically points of discussion in different parts of the organization. In the worst case, logistics and planning are entirely independent supply chain functions, optimizing on distinct (and typically contradicting) sets of KPIs. Where logistics is aiming to reduce transportation costs, e.g. by moving to slower modes of transport or increasing lot sizes, inventory managers are pushing for short and reliable lead times and frequent replenishments to maintain high service levels and reduce inventories.
ArgusI and EyeOn cordially invite you to join the Idea Lab on the question how to integrally optimize logistics network and inventory decisions in your supply chain. Based on concrete examples from practice we will discuss how functional silos can be broken down. Meet your peers and share your best practices and challenges.
12:00 Welcome with lunch
13:00 Start idelab; the merit of adaptive inventory and network optimization
13:30 Case presentation: Optimizing the Mediq Own Brand Supply Chain
14:30 Case presentation: Optimizing the Tata Steel Supply Chain
15:30 Workshop: challenges and next steps
17:00 Wrap-up, drinks
This idea lab is part of the AINO innovation project, a cooperation between ArgusI and EyeOn aimed at developing an integrated approach for optimizing cross-functional supply chain challenges.
Find more information about all the event here.
|September 1th 2016 / 12:00 – 17:00|
|Aarle-Rixtel, the Netherlands|
|Free of charge, breakfast included!|
More information & sign up
Participation in this idea lab is on invitation only. Please confirm your participation by sending us an e-mail.